Security News > 2020 > October > ATM cash-out: A rising threat requiring urgent attention

The PCI Security Standards Council and the ATM Industry Association issued a joint bulletin to highlight an increasing threat that requires urgent awareness and attention.

An ATM cash-out attack is an elaborate and choreographed attack in which criminals breach a bank or payment card processor and manipulate fraud detection controls as well as alter customer accounts so there are no limits to withdraw money from numerous ATMs in a short period of time.

Criminals often manipulate balances and withdrawal limits to allow ATM withdrawals until ATM machines are empty of cash.

With control of the card management system, criminals can manipulate balances and withdrawal limits to allow ATM withdrawals until ATM machines are empty of cash.

The ATM is used to withdraw cash after vulnerabilities in the card issuers authorization system have been exploited.

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